68, SPENCER WAY, STOWMARKET, IP14 1UQ - £186,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

68 SPENCER WAY is a very small detached house of 78m², built sometime between 1983 and 1990. It was last sold for £186,000 in October 2014, which was around 36% below the average October 2014 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2014, where the current energy rating was B, and the potential energy rating was B.

68 SPENCER WAY Sold Prices

Land registry data shows two sales for 68 SPENCER WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. Both of the two 68 SPENCER WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 9 OCT	£186,000	£292,870	36% below HPI
1997 22 AUG	£68,250	£89,741	24% below HPI

68 SPENCER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The two 68 SPENCER WAY sales from August 1997 and October 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 1997 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2014 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 68 SPENCER WAY?

68 SPENCER WAY is 78m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses in Stowmarket, based on EPC data. The below chart shows the distribution of detached houses by size in Stowmarket, and where 68 SPENCER WAY lies on this distribution: 17% of detached houses are smaller than 68 SPENCER WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Stowmarket.

68 SPENCER WAY: Plot and Title Map

68 SPENCER WAY sits on a plot of roughly 0.069 of an acre, or 277m². The below map shows the location of 68 SPENCER WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 68 SPENCER WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 68 SPENCER WAY?

68 SPENCER WAY is located in STOWMARKET, in the IP14 postcode district. The below map shows the position of No. 68 on SPENCER WAY.